Northaven Completes Airborne Geophysical Program at Allco Property
25.08.2011 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Aug. 25, 2011) - Northaven Resources Corp. (TSX VENTURE: NTV) is pleased to announce that its geophysical contractor, Geotech Inc. of Aurora, Ontario, has completed its airborne geophysical survey of Northaven's Allco property. A total of 1,354 line kilometers were flown using Geotech's Z-TEM AFMAG system. Northaven expects to receive data from the survey within the next several weeks after which it will be in a position to deliver the data to its independent geophysical consultant for review, interpretation and recommendation.The 13,000 hectare Allco property contains approximately 15 kilometers of an apparent northwesterly regional trend of mineralized properties that extends over a distance of more than 65 kilometers. The metamorphosed rocks within this trend are comprised of metasediments and metavolcanics of early Cambrian age, intruded by later aged intermediate granodiorites that have hosted several small to intermediate-sized polymetallic mines containing gold, silver, copper, lead and zinc in varying proportions.
This 65 km+ trend provides a unique combination of consistent structural deformation with evidence of one or more mineralizing events giving rise to a multiplicity of identified mineral occurrences. This suggests a strong plumbing system that with the right combination of structural dilatancy and geochemical factors has already resulted in the emplacement of economic mineralization.
Northaven anticipates that data from the recently completed ZTEM survey will enable it to correlate known mineralized occurrences with previously unidentified targets of anomalous mineralization and to identify the often subtle geological structures that appear to control mineralization.
"The combination of geologic events within and adjacent to the Allco Property makes it a prime exploration target for discovery of large scale gold and silver deposits", said Malcolm Fraser, Northaven's President and Chief Geologist. "Completion of the Z-TEM Airborne program is an important next step in understanding the geology of the area, and is a critical part of identifying targets for later drilling."
Northaven is looking forward to reviewing the survey data once available with its geophysical consultants, and will provide further updates at that time.
On behalf of the Board of Directors of NORTHAVEN RESOURCES CORP.
Allen D. Leschert
CEO
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to a number of factors, many of which are beyond Northaven's control, which may cause actual results or performance to differ materially from those currently anticipated in such statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contact Information
Northaven Resources Corp.
Malcolm Fraser, President
604 696-3608
malcolm@northavenresources.com
Northaven Resources Corp.
Allen Leschert, CEO
604 696-3600
allen@northavenresources.com
www.northavenresources.com